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Affirming the development of AI in the area, a report launched by PwC previously this month stated that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area using it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to permit experimentation and development," said the report.
Top magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, business leaders, financiers, and market specialists attended the very first Global Company Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for essential items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can take advantage of the altering patterns of worldwide need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as an info and research centre, by providing business documentation, providing legal services, helping with networking opportunities by means of signature organization occasions and providing practically every possible organization solution, it mentioned.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Why Is Operational Excellence Essential for 2026 Expansion?Responding to a concern on regional startups' prospects of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and information personal privacy; and really strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our biggest driver right now is investing in talent, since in the AI race, it's the technical talent that really wins.
"International growth funds are being available in, which reveals clear indications of maturity of the environment The ability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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